Reaction to the Latest CIPS survey

Whilst the reported rise in construction industry activity during January is welcome, it unfortunately does not mark a sudden improvement in the industry’s fortunes. Industry output was seriously disrupted by poor weather in the run up to the Christmas break and Glenigan recorded a dramatic drop in the value of new project’s starting on site during the month. Better weather in January has allowed the industry to make up some of the lost ground, but Glenigan expects cuts to public sector capital programmes to check the overall rise in project starts over the course of 2011.